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Dorogobuzh Releases Consolidated RAS Statements for H1 2011

Today, Dorogobuzh (Acron Group’s company) released its non-audited consolidated RAS financial statements for H1 2011.

Financial Highlights

• Revenue totalled RUB 8.15 billion, up 34% year-on-year (H1 2010: RUB 6.09 billion).
• EBITDA* doubled year-on-year to RUB 3.03 billion (H1 2010: RUB 1.52 billion).
• EBITDA margin was 37%, up from 25% in H1 2010.
• Net profit increased by a factor of 4.1 to RUB 3.27 billion, against RUB 798 for the same period of 2010.

*EBITDA is calculated as sales profit plus depreciation and amortisation.

 Financial Statement (in Russian)